Rubber prices on the SICOM exchange fell by more than 6% in August
10 thg 9, 2024
According to a report from the Singapore Exchange (SGX), the average prices of TSR20 and RSS3 rubber traded on SICOM in August were USD 1.635/kg and USD 2.089/kg, respectively, representing a decrease of 6% and 9.7% compared to the previous month.
In August, rubber prices dropped to USD 1.603/kg due to weak demand from China, before slightly rebounding to USD 1.633/kg by the end of the month. This price increase was driven by prolonged concerns over supply shortages caused by adverse weather conditions in Thailand.
Source: SGX
The total volume of rubber contracts on SICOM in August amounted to 272,335 lots (equivalent to 1,361,675 tons), a 21.5% decrease compared to the previous month but a 26.9% increase year-on-year. The average daily trading volume reached 11,841 lots (equivalent to 59,203 tons), down 35.1% from the previous month. The total open interest (OI) at the end of the month was 53,650 lots (equivalent to 268,250 tons), a decrease of 22.3% compared to the previous month.
TRS20 rubber options contracts on SICOM traded 430 lots (equivalent to 2,150 tons), with a total open interest of 190 lots (equivalent to 950 tons). All options trading volumes were concentrated in the nearest and next-month contracts.
Source: SGX
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